Now that Fannie Mae and Freddie Mac are profitable again, they will be able to recognize all or a portion of their deferred tax assets, which could result in a “large one time dividend payment” to the U.S. Treasury, according to a new Office of Inspector General report.

The Federal Housing Finance Agency OIG report released early Wednesday morning shows that Fannie is holding $61.5 billion in tax deferred assets in a valuation allowance account and Freddie is holding $31.7 billion in DTAs in a valuation allowance.  

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry